Do we need to regulate payday loans?
More network competition is not necesarily good

Tradeoffs are almost everywhere

Sidney Zion is famous for channeling his grief and rage at the death of his teenaged daughter in New York Hospital into changing how doctors are trained in the U.S.

But like almost everything in life, institutional reform faces tradeoffs. Reforms usually have their own risks and costs. (Not that I accept the New York story at face value. But it raises useful questions.)